BW LPG (NYSE:BWLP) Sees Unusually-High Trading Volume – Should You Buy?

BW LPG Limited (NYSE:BWLP) saw unusually-high trading volume on Monday . Approximately 124,462 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 162,749 shares.The stock last traded at $15.03 and had previously closed at $15.38.

BW LPG Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.63. The firm’s fifty day moving average price is $15.15.

BW LPG (NYSE:BWLP) last posted its earnings results on Thursday, August 22nd. The company reported $0.58 EPS for the quarter. The company had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $0.58 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a yield of 15.44%.

Institutional Trading of BW LPG

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in shares of BW LPG during the second quarter worth about $56,598,000. DekaBank Deutsche Girozentrale acquired a new stake in BW LPG in the second quarter valued at approximately $698,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in BW LPG in the second quarter valued at approximately $12,196,000. Bank of New York Mellon Corp acquired a new stake in BW LPG in the second quarter valued at approximately $2,365,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in BW LPG in the second quarter valued at approximately $2,050,000.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.